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ASAHIPEN CORPORATION, First Half Ordinary Profit Increases by 0.2%

Fri Nov 8, 2024 3:30 pm JST Earnings

4623 ASAHIPEN CORPORATION 【J-GAAP】

Earnings Report

ASAHIPEN CORPORATION <4623> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 530 million yen, a 0.2% increase compared to the same period last year. However, The progress rate against the 1.1 billion yen full-year plan was 48.2%, also falling below the five-year average of 62.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 44.7% from the same period last year, reaching 570 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 11.1% from the same period last year, reaching 160 million yen. The operating profit margin improved from 3.2% in the same period last year to 3.8%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 8,737 449 585 342 90.9 58.8 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 8,698 492 529 225 87.0 57.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 9,103 500 530 441 127.0 48.2 Nov 8, 2024 J-GAAP
YoY +4.7% +1.6% +0.2% +96.0% +46.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 9,100 540 580 400 114.8 30 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 9,103 500 530 441 127.0 30 Nov 8, 2024 J-GAAP
Revision Rate +0.0% -7.4% -8.6% +10.3% +10.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 8,408 352 394 155 43.4 30 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,897 500 570 309 79.2 30 Nov 8, 2024 J-GAAP
YoY +5.8% +42.0% +44.7% +99.4% +82.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 17,130 791 995 653 175.5 55 May 10, 2023 J-GAAP
Mar, 2024 17,106 844 923 380 106.4 60 May 9, 2024 J-GAAP
Mar, 2025 Guidance 18,000 1,000 1,100 750 192.3 60 May 9, 2024 J-GAAP
YoY +5.2% +18.5% +19.2% +97.4% +80.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,101 131 144 39 15.1 3.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 4,607 312 345 161 65.2 6.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,801 40 49 -6 -1.7 1.1 May 9, 2024 J-GAAP
Apr - Jun, 2024 4,824 339 370 222 64.2 7.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,279 161 160 219 63.1 3.8 Nov 8, 2024 J-GAAP
YoY +4.3% +22.9% +11.1% +461.5% +318.4%

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